Restaurant
Sussex County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $195,000 |
$409,440 |
$55,494 |
Furniture and Fixtures Value:
$200,000 (included in the asking price)
Inventory Value:
$10,000 ( not included in the asking price)
Business Summary:
Top notch corner location in one of NJ’s better known vacation spots business all year long winter and summer. Very picturesque 42 seat restaurant grill coffee shop. Near main attraction and across street from large town park and administrative building. This location is not being utilized to its true capacity. Owner is and has been burnt out for period of time. Owner in position to give new buyer new and excellent lease. Spot loses great deal of business by closing too early; spot does not have to open as early as it does either. Menu, concept and theme has to be changed as they are worn out also, new buyer with different ethnic theme has to hit it big – delivery service should be started, in this widely known vacation area (most inhabitants are year round) it is easy to conceive and implement new idea; turn around time would be short as mostly all other food service business work off a standard food item menu. For further information, please contact 908-851-9040 Ext.285.
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| Year
Business was Established: 1909 |
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| Number of Employees:
7 |
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| Facilities / Terms of Lease:
Picturesque location in one of NJ prime vacation areas. All new equipment in 42 seat restaurant with more than ample parking (18) brand new lease can be obtained from landlord. |
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| Potential
Growth/Expansion:
Staying open later – delivery – cutting morning hours that are not needed to go into ethnic cuisines not represented in area. |
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| Competition:
Several competitors in area – all new owner has to come up with new style, concept, theme and menu for this location. |
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| Owner
willing to finance:
Owner willing to take note for over half of selling price |
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| Owner
willing to train:
Two weeks |
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| Reason for selling:
Present owner is burnt out. |
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| REQUEST MORE INFO |
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